Monday, April 16, 2007
Short Silver; Short Gold
What can be more contrarian at the moment than shorting commodities? With the dollar in freefall for the last week against the Pound and Euro, a swift rally is in the cards early this week.
The broker WHC Capital has a rather novel approach to trading CFDs and has eliminated the spread for many commodities and only charges a commission. I hope more brokers move back towards charging commissions and narrow the spreads. It's a more sound and flexible way to trade.
Silver is short for a $14 mean reversion
Gold until $685
Here we go...
Posted by Peglegtrading at 1:30 PM